What Renovations Have the Best Resale Value?

Homeowners and buyers look at a home very differently. Neglecting to look at a remodeling project from a buyer’s perspective can result in money lost when it is time to sell your home.

While considering renovations it is important to understand the factors that help improve your home’s resale value, no matter your budget…and what projects to stay away from.

  • Storage: Home buyers and homeowners are consumers, so we have a lot of stuff. Adding storage to your home can not only help you stay organized, but it will allow the next homeowner to be organized as well. Storage to consider are built-ins, pantries, walk-in closets, garage shelving, and wall benches that double as chests.
  • Flooring: Adding hardwood flooring can easily become a large budget project, but it can definitely be affordable depending on the size of the space, materials used, and labor hired. Hardwood is the most sought after flooring material by home buyers, so removing carpets and unsightly linoleum will not only transform adding hardwood flooring can easily become a large budget project, but it can definitely be affordable depending on the size of the space, materials used, and labor hired. Hardwood is the most sought after flooring material by home buyers, so removing carpets and unsightly linoleum will not only transform your home, but add to the resale value as well. Laminate is one of the most affordable options, where cork and bamboo are the most sustainable.your home, but add to the resale value as well. Laminate is one of the most affordable options, where cork and bamboo are the most sustainable.
  • Bathroom Remodel: One area in particular to focus on is the master suite. Popular choices for master suites include storage, large showers, and separate tubs. Aesthetically, stick to neutral, streamlined materials and fixtures.
  • Kitchen Remodel: The kitchen is said to be the heart of the home, and many of our experts categorize this as the number one remodel to boost your home’s value. The big ticket items will be counters (look for neutral granites and stones), cabinets, and appliances. That price will significantly increase if you need to add on flooring and reorganize the flow of the room (including knocking down walls, moving plumbing/gas

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Ram Sahib

Ram Sahib

Broker
CENTURY 21 President Realty Inc., Brokerage*
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